Glossary P

Passive Loss - Passive Activity Loss
Describes a passive loss (loss from passive business activity)

Passive Activity
Definition of a passive activity.

Public Domain
Public Domain

Proprietor - Proprietary - Proprietorship
Proprietor, proprietary

Pass-through Taxes
Pass-through taxes

Patent
patent

Partnership
partnership

Partnership Agreement
Partnership Agreement

Partnership - Types of Partnerships
Partnership - Limited Liability Partnership - Limited Partnership - General Partnership

Pay Period
Pay Period

Payroll
Payroll

Payroll Taxes
Payroll Taxes

Per Diem
Definition of Per Diem

Per Diem - Per Diem Rates
Per Diem Definition and Per Diem Rates

Personal Guarantee
Personal Guarantee

Personal Property
Personal Property

Petitioner - Bankruptcy Petitioner
Petitioner

Petty Cash
Petty cash defined and some petty cash management details described

Piercing the Corporate Veil
Piercing the Corporate Veil

What is a Plaintiff?
Definition of a plaintiff

Portable Employer of Record
Portable employer of record

Preferred Stock/Preferred Shares
Preferred stock - preferred shares in a corporation

Prime Rate
prime rate

P&L - Profit and Loss Statement - Income Statement
P&L definition

Pro Forma
Pro Forma

Proxy Statement - Voting by Proxy
Proxy statement and voting by proxy

Professional Corporation
Definition of a professional corporation

Principal (of a Loan)
Principal on a loan

Private Company
Private Company

Profit
Profit

Promissory Note
Promissory Note

Publicly Held Company
What is a publicly held company?

Purchase Order
Defines a purchase order and describes the parts of this order.